Monday, December 31, 2012

Short Trading Portfolio Update for Week Ending 12/28 and Year-End.

In the most recent ended week, the Short-trading portfolio far outperformed the market, gaining 1.7% versus a 1.9% loss on the S&P 500. The better performance on the latest week was a result of steep declines in the mortgage REIT sector Express Scripts (which is a play on my expectation for declining payroll numbers come 2013) and a lower price in the NASDAQ 100. These results were only partially offset by better prices in the commodity shorts.

graph of fund vs. market indexes

As for the year-end,the portfolio has gained only 3.2%. This is still better than the market's return over the same period and the portfolio was ahead of the market by 4.3 percentage points.

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